ADDI CHARITABLE TRUST,NEW DELHI vs. CIT EXEMPTION, DELHI

In the result, the appeal of Revenue is partly allowed as boave for statistical purpose

Bench: Shri Yogesh Kumar U.S. & Shri Avdhesh Kumar Mishra

Long-Term Capital Gains (‘LTCG’) of Rs.50,44,027/- and the exempted LTCG of Rs.8,90,66,252/-. However, it offered a sum of Rs.8,21,45,406/- as income under section 115JB of the Income Tax Act, 1961 (‘the Act’). The case was picked up for scrutiny and consequential assessment was completed at income of Rs.11

MR. TARUN SAWHNEY,NEW DELHI vs. ACIT, NOIDA

In the result, both the appeals of the assessee are allowed

Bench: Shri M. Balaganesh & Shri Sudhir Kumar

delay in filing of appeals for both the years are hereby condoned and taken up for adjudication. 4. The only identical issue to be decided in this appeal is as to whether the ld CIT(A) was justified in confirming the action of the ld AO in not allowing the carry forward of Long Term Capital Loss (LTCL) arising

MR. TARUN SAWHNEY,NEW DELHI vs. ACIT, NOIDA

In the result, both the appeals of the assessee are allowed

Bench: Shri M. Balaganesh & Shri Sudhir Kumar

delay in filing of appeals for both the years are hereby condoned and taken up for adjudication. 4. The only identical issue to be decided in this appeal is as to whether the ld CIT(A) was justified in confirming the action of the ld AO in not allowing the carry forward of Long Term Capital Loss (LTCL) arising

MR. NIKHIL SAWHNEY,NEW DELHI vs. ACIT, NOIDA

In the result, appeal of the assessee is dismissed

Bench: Shri Bhavnesh Saini & Shri Prashant Maharishimr. Nikhil Sawhney Acit, 17 – Sunder Nagar, Central Circle, Vs. New Delhi – 110 003. Noida. Pan: Aaups0222Q (Appellant) (Respondent)

condone the delay admitting the appeal of the assessee and proceed to decide the issue on merits. 08. Facts of case in a narrow compass shows that assessee filed his return of income on 31 August 2012 declaring total income of Rs. 167,09,146 which was subsequently revised on 25th of March 2014 declaring same

ARUNIMA ADCON SERVICES PVT LTD,NEW DELHI vs. ACIT, CIRCLE- 20(2), NEW DELHI

In the result the appeals of the assessee in ITA No

Bench: Shri N.K. Billaiya & Ms Astha Chandra

long-term capital gains was declared/ He observed that statute did not reject or frown upon conversion of stock-in-trade into investment and the said conversion was permissible. Commissioner (Appeals) referred to the Circular No. 4/2007 dated 15th June, 2007 issued by the Central Board of Direct Taxes, which stipulates that two portfolios one for stock- in-trade

DCIT, CIRCLE- 20(2), NEW DELHI vs. RADHARANI ORNAMENTS PVT. LTD., NEW DELHI

In the result the appeals of the assessee in ITA No

Bench: Shri N.K. Billaiya & Ms Astha Chandra

long-term capital gains was declared/ He observed that statute did not reject or frown upon conversion of stock-in-trade into investment and the said conversion was permissible. Commissioner (Appeals) referred to the Circular No. 4/2007 dated 15th June, 2007 issued by the Central Board of Direct Taxes, which stipulates that two portfolios one for stock- in-trade

THE COMMISSIONER OF INCOME TAX -INTERNATIONAL TAXATION-1 vs. REEMA CHAWLA

Appeals are dismissed

delay of 42 days in re-filing the appeals is condoned. The applications shall stand disposed of. ITA 168/2024 ITA 169/2024 1. The Commissioner impugns the order of the Income Tax Appellate Tribunal [„ITAT‟] dated 11 August 2023 and has proposed the following questions for our consideration:- “2.1 Whether Ld. ITAT has erred in not considering the observation made

THE COMMISSIONER OF INCOME TAX -INTERNATIONAL TAXATION-1 vs. REEMA CHAWLA

Appeals are dismissed

Bench: HON'BLE MR. JUSTICE PURUSHAINDRA KUMAR KAURAV,HON'BLE MR. JUSTICE YASHWANT VARMA

delay of 42 days in re-filing the appeals is condoned. The applications shall stand disposed of. ITA 168/2024 ITA 169/2024 1. The Commissioner impugns the order of the Income Tax Appellate Tribunal [„ITAT‟] dated 11 August 2023 and has proposed the following questions for our consideration:- “2.1 Whether Ld. ITAT has erred in not considering the observation made

UDAY KUMAR VAISH,NEW DELHI vs. CIT, NEW DELHI

In the result, the appeal of the assessee is allowed

Bench: Sh. N. K. Saini, Am & Sh. Lalit Kumar, Jm Ita No. 5700/Del/2014 : Asstt. Years : 2009-10 Uday Kumar Vaish, Vs Commissioner Of Income Tax, 52/79, Ramjas Road, Karol Bagh, Central-Ii, New Delhi-110005 New Delhi (Appellant) (Respondent) Pan No. Aaipv1716G Assessee By : Dr. Rakesh Gupta & Somil Agarwal, Adv. Revenue By : Sh. Kartar Singh, Cit Dr Date Of Hearing : 29.11.2016 Date Of Pronouncement : 30.11.2016 Order Per N. K. Saini, Am: This Is An Appeal By The Assessee Against The Order Dated 06.03.2014 Of Ld. Cit, Central-Ii, New Delhi U/S 263 Of The Income Tax Act, 1961 (Hereinafter Referred To As The Act).

delay is condoned and the appeal is admitted. 7. The only grievance of the assessee in this appeal relates to the jurisdiction of the ld. CIT, Central-II, New Delhi assumed u/s 263 of the 7 Uday Kumar Vaish Act. During the course of hearing the ld. Counsel for the assessee at the very outset stated that the facts

ACIT, CIRCLE-24(1), NEW DELHI vs. SPRING INFRADEV LTD., NEW DELHI

Bench: Shri Yogesh Kumar Us & Shri Brajesh Kumar Singh[Assessment Year:2016-17]

long term capital gain of Rs. 12,97,20,752/- declared by the assessee. 7. That aggrieved by the order passed by the AO, the applicant filed an appeal before theCIT(A) and learned CIT(A) has deleted the addition made by the AO and allowed the indexed cost of acquisition/improvement claimed by the assessee. 8. That revenue has filed

CHOWDRY ASSOCIATES,NEW DELHI vs. ACIT, CIRCLE-6(1), NEW DELHI

In the result, the appeal of the assessee in ITA No

Bench: Shri Saktijit Dey & Shri Naveen Chandra

delay in filing the appeal is condoned. 4. Ground Nos. 1 and 2 taken together as they relate to the Long Term capital gains

INCOME TAX OFFICER, WARD-11(1), DELHI vs. HKT CORPORATION PVT LTD, DELHI

Appeal is dismissed

Bench: SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER\nAND\nSHRI S. RIFAUR RAHMAN, ACCOUNTANT MEMBER\n\nITA No.1036/Del/2024\nAssessment Year: 2020-21\n\nIncome Tax Officer,\nWard-11(1),\nDelhi\nVs.\nM/s. HKT Corporation Pvt.\nLtd.,\n7, South Patel Nagar,\nNew Delhi\nPAN: AACCH0308M\n\n(Appellant)\n\n(Respondent)\n\nAssessee by\nSh. Tarandeep Singh, Adv.\n\nDepartment by\nSh. Rajesh Kumar Dhanesta, Sr. DR\n\nDate of hearing\n23.06.2025\n\nDate of pronouncement\n09.07.2025\n\nORDER\n\nPER SATBEER SINGH

long-term\ncapital gains was declared. He observed that statute did not reject or\nfrown upon conversion of stock in trade into investment and the said\nconversion was permissible. Commissioner (Appeals) referred to the\nCircular No. 4/2007 dated 15th June, 2007 issued by the Central\nBoard of Direct Taxes, which stipulates that two portfolios one for\nstock in trade

ANIL BHARDWAJ,ZAMBIA vs. DCIT-ACIT-INT-TAX GURGAON, GURGAON

In the result, the Appeal filed by the Assessee is allowed

Bench: Dr. B. R. R. Kumar & Shri Yogesh Kumar U.S.I.T.A. No. 1250/Del/2024 (A.Y 2020-21) Anil Bhardwaj Dcit/Acit 5994, Benakale Road, P. O Vs. International Tax, Box No. 31776, Northmead, Office Of Acit-Dcit Int- Near Rhodes Park School, Tax, Gurgaon Lusaka-10101, Zambia, Ny (Respondent) Pan No. Anlpb2321F (Appellant)

delay in filing the present Appeal is hereby condoned. 6 Anil Bhardwaj Zambia 8. The Ground No. 1 is general in nature which requires no adjudication. 9. Ground No. 2 is regarding addition made on account of treating Rs. 20,10,008/- as short term capital gain. The Ld. Counsel for the assessee submitted that the treatment of Long

SURAT SINGH,PANIPAT vs. ITO, WARD- 4, PANIPAT

In the result, appeal of the assessee is partly allowed

Bench: Ms. Suchitra Kamble & Shri Prashant Maharishiassessment Year: 2010-11 Shri Surat Singh, The Income Tax Officer, Vpo Bhapra, Vs. Ward : 4, Samhalka, Panipat. Panipat – 132 103 [Haryana] Pan : Cqlps9692H Assessment Years : 2010-11 Shri Sultan Singh, The Income Tax Officer, Vpo Bhapra, Vs. Ward : 4, Samhalka, Panipat. Panipat – 132 101 [Haryana] Pan : Cpsps0826K (Appellants) (Respondent)

long term capital gain. 5. The ld AO noted that assessee along with his four brothers has sold an agricultural land for Rs. 4888500/-. The assessee submitted that it was a joint family property, which was sold, and new property of agricultural land was purchased. The assessee also submitted that the capital gain earned is Nil. The assessee also submitted

SULTAN SINGH,PANIPAT vs. ITO, WARD- 4, PANIPAT

In the result, appeal of the assessee is partly allowed

Bench: Ms. Suchitra Kamble & Shri Prashant Maharishiassessment Year: 2010-11 Shri Surat Singh, The Income Tax Officer, Vpo Bhapra, Vs. Ward : 4, Samhalka, Panipat. Panipat – 132 103 [Haryana] Pan : Cqlps9692H Assessment Years : 2010-11 Shri Sultan Singh, The Income Tax Officer, Vpo Bhapra, Vs. Ward : 4, Samhalka, Panipat. Panipat – 132 101 [Haryana] Pan : Cpsps0826K (Appellants) (Respondent)

long term capital gain. 5. The ld AO noted that assessee along with his four brothers has sold an agricultural land for Rs. 4888500/-. The assessee submitted that it was a joint family property, which was sold, and new property of agricultural land was purchased. The assessee also submitted that the capital gain earned is Nil. The assessee also submitted

UPMA SHUKLA PROPRIETOR TROUBLESHOOTERS,GURGAON vs. ITO, GURGAON

Bench: Shri Bhavnesh Saini & Shri Prashant Maharishiassessment Year: 2009-10 Vs Upma Shukla Proprietor Troubleshooters, Ito Upma Shukla, House No. 731, Ward 2(2), Sector-9A, Gurgaon. Hsiidc Building, Pan No. Adzps1670E Vanijaya Nikunj, 5Th Floor, Udyog Vihar, Phase-V, Gurgaon. Appellant Respondent

delay in filing the appeal is condoned. 5. Briefly the facts of the case are that assessee filed return of income of Rs. 4,34,060/- on 31.03.2010 under the head “Income from other sources”. The AO considered the issue of long term capital gains

DCIT, CIRCLE 52(1), NEW DELHI vs. BHUPINDER SINGH BHALLA, NEW DELHI

Appeal of the revenue is dismissed

long term capital gains\".\n3.\nDuring the assessment proceedings, on perusal of Income tax return and\ncomputation of income as submitted by the assessee on the ITBA Portal, the AO\nfound that assessee had sold Agricultural land of area 37 Bighas 15 Biswas\nbearing Khasra No. 1893/623, 1892/623.624 Etc. in village Asola, New Delhi\n110074 on 07/12/2015 for a value

SH. ALOK SWARUP,UTTAR PRADESH vs. ITO, MUZAFFARNAGAR

In the result, both appeals of different assessee are allowed

Bench: Ms. Sushma Chowla, Vp & Sh. Anil Chaturvedi, Am [Through Video Conferencing] आयकर अपील सं आयकर अपील सं. / Ita No.2919/Del/2015 आयकर अपील सं आयकर अपील सं िनधा"रण वष" िनधा"रण वष" / Assessment Year 2010-11 िनधा"रण वष" िनधा"रण वष" Sh. Alok Swarup, C/O-M/S Malik & Co.(Adv.) 305/7, Thapar Nagar, Meerut City, .............अपीलाथ"/Appellant Uttar Pradesh Pan-Awops9949J Vs Income Tax Officer, Ward-1(2), Aayakar Bhawan, Meerut Road, Muzaffarnagar …………. ""यथ" / Respondent आयकर अपील सं. / Ita No.5928/Del/2016 आयकर अपील सं आयकर अपील सं आयकर अपील सं िनधा"रण वष" िनधा"रण वष" / Assessment Year 2010-11 िनधा"रण वष" िनधा"रण वष" Sh. Anil Swarup, C/O-M/S Malik & Co.(Adv.) 305/7, Thapar Nagar, Meerut City, .............अपीलाथ"/Appellant Uttar Pradesh Pan-Awops9948K Vs Income Tax Officer, Ward-1(2), Aayakar Bhawan, Meerut Road, Muzaffarnagar …………. ""यथ" / Respondent अपीलाथ" क" ओर से / Appellant By: Sh. Sankalp Malik, Adv. Sh. Sanjay Malik, Adv. ""यथ" क" ओर से / Respondent By: Ms. Rakhi Vimal, Dr

Long Term Capital Gain in the hands of the assessee and second is against the addition made on account of cash deposits in the bank accounts. 4. Before proceeding further, it may be pointed out that the appeal in the case of Anil Swarup in ITA No.5928/Del/2016 has been filed after delay of two days which being minor is condoned